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CVR Partners' (UAN) Q4 Earnings Miss Estimates, Sales Decline
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CVR Partners, LP (UAN - Free Report) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the United States.
Earnings
CVR Partners reported net loss of 24 cents per share for the fourth quarter. The figure was wider than the Zacks Consensus Estimate of a loss of 14 cents.
Revenues
CVR Partners posted fourth-quarter net sales of $78.2 million, down 7.9% year over year.
Investors should note that the earnings estimate for CVR Partners for the fourth quarter has been stable over the last month. CVR Partners has missed the Zacks Consensus Estimate in three of the trailing four quarters, while beating in one, with an average negative surprise of 259.6%.
Key Stats/Developments to Note
CVR Partners produced 199,500 tons of ammonia in the quarter of which 64,100 net tons were available for sale while the rest was upgraded to other fertilizers including 306,100 tons of UAN.
Zacks Rank
CVR Partners currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.
Market Reaction
CVR Partners’ shares were down around 6.1% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CVR Partners’ earnings report!
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CVR Partners' (UAN) Q4 Earnings Miss Estimates, Sales Decline
CVR Partners, LP (UAN - Free Report) makes and markets nitrogen fertilizers including ammonia and urea ammonium nitrate (“UAN”) in the United States.
Earnings
CVR Partners reported net loss of 24 cents per share for the fourth quarter. The figure was wider than the Zacks Consensus Estimate of a loss of 14 cents.
Revenues
CVR Partners posted fourth-quarter net sales of $78.2 million, down 7.9% year over year.
CVR Partners, LP Price and EPS Surprise
CVR Partners, LP Price and EPS Surprise | CVR Partners, LP Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for CVR Partners for the fourth quarter has been stable over the last month. CVR Partners has missed the Zacks Consensus Estimate in three of the trailing four quarters, while beating in one, with an average negative surprise of 259.6%.
Key Stats/Developments to Note
CVR Partners produced 199,500 tons of ammonia in the quarter of which 64,100 net tons were available for sale while the rest was upgraded to other fertilizers including 306,100 tons of UAN.
Zacks Rank
CVR Partners currently has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.
Market Reaction
CVR Partners’ shares were down around 6.1% in the pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on CVR Partners’ earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>